Cairo – Mubasher: Arab Moltaka Investments Company (AMIC) on Sunday announced that the company’s revenues surged 33.5% year-on-year in the first nine months of 2017.
The company’s revenues increased to EGP 43.4 million in the first three quarters of 2017 from EGP 32.5 million in the comparative period last year, according to a filing to the Egyptian Exchange (EGX) in a response to some newspapers’ reports.
Al-Masry Al-Youm newspaper stated earlier that AMIC aimed at closing six deals in four sectors, adding that the company had made 30% growth in revenues from January to September 2017.
The Egyptian investment company pumped EGP 34.7 million to buy half of the administrative building in Smart Village from its subsidiary United Company for Investments and Real Estate Development (UCIRD).
